Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.
GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below. Unless otherwise noted, the source of information is Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.
Featured Property: 18 Rhode Island Ave, NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 4 Baths: 2.5 Parking: Concrete Driveway Ownership: Fee Simple
Original List Price: $799,900. List Price at Contract: $799,900.
List Date: 7/14/2018
Days on Market: 8
Settled Sales Price: $810,000.
Seller Subsidy: $0.
Settlement Date: 9/04/2018
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
Located 1 block into the NE quadrant, below Prospect Hill Cemetery, this large Victorian with three levels above grade, a basement, and parking, presents a bit of a quandary in terms of neighborhood identity. Although the legal subdivision is Brookland, this location is many blocks west of the large lots and single family houses generally associated with that NE neighborhood.
One block west, across North Capitol Street, is clearly identifiable as Bloomingdale. Literally across the street, to the south, from the other side of Rhode Island Avenue, is the Eckington neighborhood. The Stronghold neighborhood, per the Wikipedia entry, is just above, but has a south border of either Bryant or Franklin St NE.
While it is a bit of a sport in DC to argue neighborhood identity, from a real estate perspective this type of location presents a huge marketing challenge. (more…)
